Debtor arrested for providing false address to loansharks
The Straits Times
Friday, Apr 26, 2013
Police have arrested a 46-year-old man for providing false contact information to loansharks in order for them to obtain loans. The 46-year-old suspect was arrested on April 24 at about 8.15pm in the vicinity of Ang Mo Kio Avenue 9.
Get the full story from The Straits Times.
Here is the full statement from the Singapore Police Force:
Police have arrested a 46-year-old man for providing false contact information to obtain loans from loansharks.
On April 24 2013 at about 8.15pm, through follow-up investigations, officers from Ang Mo Kio Police Division arrested a 46-year-old suspect in the vicinity of Ang Mo Kio Ave 9.
Preliminary investigations indicate that the suspect is a debtor who had used his previous residential address to obtain illegal loans from loansharks. Consequently, the current owner and occupants of his previous residence became innocent victims of harassment by loansharks.
Investigations also showed that the suspect had failed to report the change of his residential address within 28 days.
Police investigations against the suspect are on-going.
Under the Moneylenders Act (Revised Edition 2010), any person who is guilty of providing false contact information to obtain loans from loansharks shall be liable upon conviction to imprisonment for a term not exceeding 12 months.
Under the National Registration Act, any person who is guilty of an offence of failing to report a change of address shall be liable on conviction to a fine not exceeding $5,000 or to imprisonment for a term not exceeding 5 years or to both.
Commander of Ang Mo Kio Police Division, Deputy Assistant Commissioner of Police Keok Tong San, commended his officers for their relentless efforts in the fight against loansharks. He also warned that the Police take a serious view of individuals who borrow from illegal moneylenders using their old or false addresses and as a result cause undue inconvenience and distress to innocent parties. Police will continue to come down hard on those who remain recalcitrant and will deal with them severely.
